We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
News Corporation | NASDAQ:NWSA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.04% | 24.22 | 24.22 | 24.51 | 24.32 | 23.99 | 24.17 | 1,725,029 | 01:00:00 |
By Ian Walker
LONDON--British Sky Broadcasting Group PLC (SKY.LN) said Thursday it has priced 1.75 billion pounds ($2.74 billion) of bonds, which are being used to fund the acquisitions of Sky Italia and Sky Deutschland that were completed earlier this month.
The soon-to-be-renamed Sky, has priced four tranches of bonds. These are: GBP450 million senior unsecured notes, with a coupon of 2.875%, due 2020; 850 million euros ($1.07 billion) senior unsecured notes, with a coupon of 1.875%, due 2023; GBP300 million senior unsecured notes, with a coupon of 4.000%, due 2029; and EUR400 million senior unsecured notes, with a coupon of 2.750%, due 2029.
At the end of July, BSkyB, the leading pay-TV operator in the U.K., agreed to buy its sister companies in Germany and Italy from 21st Century Fox Inc. (FOXA) in a deal worth just over $9 billion, the majority in cash, to create a pan-European, pay-TV giant with around 20 million customers across Germany, Italy, Austria, the U.K. and Ireland.
As part of the deal, BSkyB said it would buy 21st Century Fox's 57.4% stake in German operator Sky Deutschland for $4.72 billion in cash, or €6.75 a share. The same offer was also made to Sky Deutschland's remaining minority shareholders.
At the time BSkyB said it would fund the deal through a share placing, new debt facilities and existing cash resources.
SkyB is 39%-owned by 21st Century Fox, which comprises media and entertainment properties split off from the old News Corp. (NWSA). The new News Corp primarily owns publishing assets, including Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year News Chart |
1 Month News Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions